There will be a correction. The question is how large of a correction this will be. I tried historical analysis and we are looking anywhere from -10% to -25%. It is going to happen in a matter of hours from the time of me making this comment.
@danfazeo, BTC always going up :) best move anyone can do on any BTC dip is to add to their positions. As every dip was followed by massive buy and rise.
It will be interesting to see if the larger audience of buyers and sellers vs prior years, along with FOMO up and FOMO down will modify the current activity.
Is it worth missing out on 6-8% in order to sleep well at night? I will admit that on this Friday I paired down my stock investments just so that I can reset, but knowing full well I may miss out on 2-3% upside. I can always find stock to make money on. I have been accumulating crypto and I have found that as far as Bitcoin goes, and as talhamian10 put it, dollar cost avg + HODL = success. I'm a believer in that until we get to the top. Although I would like to get a discount by selling and then re-buying, the timing rarely works in my favor.
I'm new to this but it is also interesting to see so much focus on BTCUSD vs. BTCEUR or vs. BTCJPY. I would think that as soon as we are making ATHs there would be as much psychology around even numbers no matter the currency. Or is there a predominant market that drives the association? Has anyone looked at the predominant crypto purchases for any given currency exchange?
TheSignalyst
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@conradkz that was a good read. Thanks for sharing your thoughts 🙌
RAPHAEL_CANEJUICE
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War zone would matter more if there wasn’t as much institutional adoption coming in. This is a unique year for Bitcoin and crypto. I hate the title.